Federal Reserve

People want to get rich, including people who work in the government. They don't get rich protecting poor people or the middle class. The get rich by using government's power of coercion on behalf of rich people. That's why this court ruled that financial companies aren't liable for wiping out their clients when illegally mixing client money with firm money.

"The warning, stemming from a recent federal appeals court ruling surrounding customer funds lost during the 2007 collapse of Chicago futures broker Sentinel, indicates that individuals who lose deposited funds because a financial institution improperly manages that money, even if those funds are supposed to be “segregated” from other operations of the firm, are essentially left with no recourse if the firm goes belly-up. According to the court, a misallocation of those customer funds, “is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”The implications of the ruling, according to Barnhardt, will affect the monies of all private individuals who have seen their deposit accounts wiped out in the collapse of firms like John Corzine’s MF Global and put all deposit account holders in the country at risk should their bank be faced with a financial windstorm."

"Guys, it is OVER. I know that many of you are still cowering in normalcy bias, unable to deal with reality, unable to face the world as it is, but you have GOT to snap out of it.The marketplace is DESTROYED. You CANNOT be in these markets. All legal protections are now officially gone."

I believe her.